Jefferies Remains Positive on Affiliated Managers Group (AMG)
Jefferies reiterated a Buy rating on Affiliated Managers Group (NYSE: AMG) and raised its price target to $145.00 (from $140.00). Affiliated Managers Group (AMG) is an asset management firm focused on acquiring ownership interests in smaller boutique investment management companies
Commenting on the company's quarterly performance, analyst Daniel T. Fannon said, "AMG recorded a 10th consecutive qtr of positive flows with a record $10.9B of net inflows and remains entrenched as the industry leader in organic growth. While deal flow will likely slow in the near term following an active first nine months, the long-term opportunity set for continued capital deployment remains attractive."
For an analyst ratings summary and ratings history on Affiliated Managers Group click here. For more ratings news on Affiliated Managers Group click here.
Shares of Affiliated Managers Group closed at $126.50 yesterday, with a 52 week range of $81.28-$127.88.
Commenting on the company's quarterly performance, analyst Daniel T. Fannon said, "AMG recorded a 10th consecutive qtr of positive flows with a record $10.9B of net inflows and remains entrenched as the industry leader in organic growth. While deal flow will likely slow in the near term following an active first nine months, the long-term opportunity set for continued capital deployment remains attractive."
For an analyst ratings summary and ratings history on Affiliated Managers Group click here. For more ratings news on Affiliated Managers Group click here.
Shares of Affiliated Managers Group closed at $126.50 yesterday, with a 52 week range of $81.28-$127.88.